Elizabeth Pearce

1 Comment so far

I don’t live anywhere near the gulf coast, but the eintre U.S.
economy is going to take a huge hit from this. The vast number of
wildlife killed [fish come to mind…the fishing industry in that
area is virtually decimated] will drive prices up. The real tragedy
is that the oil spill occurred in an area that I’m sure has not
fully recovered from Hurricane Katrina..economically, physically,
and emotionally. Besides that, think of stock. BP stock is at about
1/2 its price since the oil spill, and I wouldn’t be surprised if
it continued to fall. People are skeptical of other oil companies
as well..what if they’re as negligent as BP was and something like
this happens again? As a disclaimer, though, I can’t really speak
definitively on anything stock related not knowing much about
it.The main thing I’d say would be look around you. Watch the news.
Read the paper. If that doesn’t do it, take a little trip down to
Louisiana and talk to any number of people affected by this crisis.
Yes, crisis. They don’t call it the worst oil spill in our nation’s
history for nothing.

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